Cerealto has taken a majority stake in fellow co-manufacturer Fresca Foods, marking the Spanish group’s expansion into the US market. Investor-backed Cerealto said the transaction will boost both companies’ “capabilities in high-growth snacking segments”. Colorado-based Fresca Foods’ management will continue to manage the business, which will retain a “significant shareholding”, according to a statement where the financial details were not disclosed. Upon completion of the deal, North America will repre ...

Japan-headquartered snacks group Calbee has acquired a majority stake in US-based tofu-maker Hodo. Calbee said in a statement the deal for 58% of the business marks its entry into the US plant-based food market and aims to accelerate the growth of its international “health and food” businesses. In the same statement, Calbee said Sagamiya Foods, a Japan-based tofu manufacturer, will also take a 10% interest in Hodo. Makoto Ehara, the CEO of Calbee, said: “As demand for sustainable foods grows, tofu is in ...